Prepared for Amin O. | Delivered June 11, 2020
Software, Technology, and technology-enabled Businesses in the U.S.
To provide the number of software businesses, technology businesses, and technology-enabled businesses in the U.S. that generate revenues of $1 million - $50 million, in order to understand the size of this segment of the market.
Estimate of Small Businesses in the Information Technology Industry in the U.S.
There are more than
software and IT services
companies in the U.S.
Tech startups/new business units launched in 2019 were estimated at
According to Gartner, "small business is usually defined as organizations with less than
in annual revenue."
In addition, SBA sizes software publishers (responsible for producing and distributing
), under the
NAICS code 511210
, as those with revenues of
According to the Small Business Association (SBA), small businesses in the U.S.accounted for
of all U.S. businesses in 2019.
Assuming that this proportion is accurate for the software and IT services sector, then there are about 556,443 (
) small software and IT services businesses in the U.S.
The proprotion of the key categories in the U.S. IT industry are: software,
; devices and infrastructure,
; IT + business services,
; and telecom services
Summary of Findings
In this preliminary hour of research, we determined that information on the number of software businesses, technology businesses, and technology-enabled businesses in the U.S. generating between $1 million and $50 million in revenue is not publicly available.
We have used available information to triangulate a rough estimate of the number of software and IT services businesses with revenues of $50 million and below.
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